Economy 3

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India’s retail inflation at 8-month high of 5.4 pc in June

The retail inflation measured in terms of Consumer Price Index (CPI) was at 5.01 per cent in May. The rate of price rise was at 6.77 per cent in June last year.


Fitch lowers India’s economic growth projections

But India’s GDP growth rate is still expected to surpass China’s this year for first time since 1999.

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India leads emerging economies in growth chart: World Bank

With an expected growth of 7.5 per cent this year, India is, for the first time, leading the World Bank’s growth chart of major economies,” said Kaushik Basu.

‘Make products competitive sans subsidies, doles, says Commerce sec Rajeev Kher

Kher said industry will have to become globally competitive without the support of ‘subsidies and doles.


‘Growth-oriented budget shows clear intent to push economy’

The government is committed to keep inflation below 5 per cent.

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Coal block auction begins; Ambanis, Adanis in the race

The Supreme Court had in September 2014 cancelled the allocation of 204 mines.


Budget insights: Need subsidy for poor, says PM Modi, pledges a faster government

Modi said there was no contradiction between doing big ticket items and doing small things.


By the states, for the states

The Planning Commission has increasingly become an anachronistic behemoth, although it did play a crucial role in the initial years.


India’s GDP growth pegged at 5.3% in July-September quarter

The GDP in the second quarter was better than 5.2% of the same period last fiscal but was slower than 5.7% rate achieved in April-June quarter of current fiscal.


World Bank isn’t telling it like it is

It is better to show higher world poverty by raising the poverty line than to distort history by using obsolete and questionable data

One-hit wonder?

Whether Q1 GDP numbers, boosted by a favourable base effect, can be sustained remains to be seen.


Economy out of difficult situation, more reforms in offing: PM Narendra Modi

As regards the FDI policy of the government, he said there are not many sectors left where there are restrictions.


At 5.7%, GDP grows fastest in over 2 years

The economy grew by 5.7 per cent in the first quarter of the fiscal, marking the fastest growth since March 2012.


Time to take steps to put economy on high-growth path: Arun Jaitley

Government will present the budget when the country faces high inflation, particularly in the food segment, and a significant fiscal deficit.


High fiscal deficit exposing India to shocks: Moody’s

The Union Budget is expected to be presented in the second week of July.